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Breakingviews - BOJ chooses slow path out of zero-rate limbo
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The Bank of Japan is taking the long road out of zero-interest rate limbo. The central bank on Tuesday again tweaked its policy to permit slightly higher yields on 10-year government bonds as it inches its way back to positive official borrowing costs. A still-sluggish economy and potentially fragile financial system justify a cautious approach. The drawback is that Japan remains a loose-money outlier.
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